The Ferrous Scrap Recycling market research in this report provided by Global Market Monitor includes historical and forecast market data, consumer demand, application segmentation details, and price trends. This report also provides a detailed overview and data analysis of major Ferrous Scrap Recycling companies during the forecast period.
The global Ferrous Scrap Recycling market size is expected to reach USD 98 million by 2027. The U.S. plays an important role in the Ferrous Scrap Recycling market as steel is the most recycled material in the country and the industry creates many jobs in the country. The recovered metal material can, in turn, be reused in areas such as construction and automobile manufacturing. The European steel industry has been an efficient operator of steel recycling systems. In Europe, over 90% of the steel in automobiles and over 70% of the steel in packaging is recycled. The amazing recyclability of this alloy makes scrap steel a major raw material in crude steel production. Ferrous Scrap Recycling has great potential in the Asia Pacific region. A number of developing countries generate large amounts of steel scrap in the course of infrastructure development and there will be a significant market for recycling and reuse in the future.
Scrap metal is classified as either ferrous or non-ferrous scrap. While ferrous metals contain some degree of iron, non-ferrous metal does not contain iron as a component. Both non-ferrous and ferrous metals have been used by humans since ancient times.
Growth as a product end-use industry, such as automotive and construction, is the major driver of the global Ferrous Scrap Recycling market. Growing awareness among people to conserve resources and sustainability is also an important driver for the market.
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The leading companies in the Ferrous Scrap Recycling market cover
Schnitzer Steel Industries Inc
Sims Metal Management Inc.
Global Ferrous Scrap Recycling market: Application segments
heavy crushing machinery car cylinder blocks
parts of machine tools
parts of the engine
kitchen draining boards
Market Segments by Type
Heavy Melting Steel
Old Car Bodies
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Ferrous Scrap Recycling Market
2 Market Trends and Competitive Landscape
3 Segmentation of Ferrous Scrap Recycling Market by Types
4 Segmentation of Ferrous Scrap Recycling Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Ferrous Scrap Recycling Market in Major Countries
7 North America Ferrous Scrap Recycling Landscape Analysis
8 Europe Ferrous Scrap Recycling Landscape Analysis
9 Asia Pacific Ferrous Scrap Recycling Landscape Analysis
10 Latin America, Middle East & Africa Ferrous Scrap Recycling Landscape Analysis
11 Major Players Profile
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
The Middle East and Africa (GCC, Southern Africa, and North Africa)
Ferrous Scrap Recycling manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Ferrous Scrap Recycling
Ferrous Scrap Recycling industry associations and research organizations
Product managers, Ferrous Scrap Recycling industry administrator, C-level executives of the industries
Market Research and consulting firms
What Information does this report contain?
The report covers the prediction and analysis of the global Ferrous Scrap Recycling market at the global and regional levels.
The report includes drivers and constraints that affect market growth.
Discussed details about market opportunities
The assessments for the regional market layout characteristics in the world.
The report includes detailed company profiles for prominent market participants.
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